On a quarterly basis, 3Q24 Revenue shrunk 1.7% QoQ to IDR 16.76 tn. Despite Feed holding a double-digit 14.2% QoQ growth and Day-Old-Chickens (DOC) upped 18.9% QoQ, top-line was anchored down by the Broiler segment (-9.2% QoQ), Processed Chicken (-1.9% QoQ), and Others (-7% QoQ). In the past 2 years, quarterly performance in the fourth quarter was in the negative territory such as 4Q22 (-9% QoQ) and 4Q24 (-11% QoQ). However, the fourth quarter has been seasonally the weak sales quarter with a 12-Year average of +3% QoQ.
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